Closing Volume
– NYSE volume flat to its one-month average
– NASDAQ volume 66% below its one-month average
– VIX index: down 1.65% to 14.90
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Unfortunately and with great sadness I have just learned that my friend has passed away.
I won’t be returning to my writing perch until Monday.
Enjoy the weekend.
Hug your dear ones.
Be safe.
Position: None
As second-quarter earnings powers the market higher, I’m waiting for a chance to add to these two stocks.
The cloud services and internet infrastructure firm enjoyed some strong earnings, but investors should wait until the stock makes this move.
Position: None
– NYSE volume 4% above its one-month average;
– Nasdaq volume 2% above its one-month average
– VIX index: down 1.32% to 14.95
Positions: None.
A good friend of mine in my weekend golf foursome fell and has stopped breathing at the golf course several minutes ago.
I have to attend to this (notify his wife, etc.) and will be back when I get more color on the situation.
Position: None
The early gains in bond prices (following the jobs report) have evaporated.
Position: None
The small-cap firm enjoyed some strong results.
* Jobs data was very consistent with a sector in weak balance; Job data is low hire, low fire;
* This data doesn’t ‘feel very good,’ but it is where it is
* We’re in a zero-to-modest positive job gain environment
* Watching corporate earnings for linkage to the job market; Earnings are quite strong and are growing quite nicely
* We may be moving into a world of greater instability
* Fed will get inflation to 2% target
* It’s no surprise that Fed Chair Warsh has new ideas for the Fed; He’s thoughtfully engaging
Position: None
